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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 62,986 $ 60,857 $ 242,168
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation, depletion and amortization 32,479 22,176 17,884
Deferred income taxes (22,232) 13,960 (64,529)
(Gain) loss on derivative contracts (748) (1,447) (5,975)
Settlement gains (losses) on derivative contracts 548 5,876 1,525
Stock-based compensation 2,354 1,945 1,526
Other 1,517 159 153
Changes in operating assets and liabilities increasing (decreasing) cash      
Receivables (842) 12,130 (13,211)
Prepaid expenses (2,940) 93 (1,507)
Other current assets 375 2,203 (5,378)
Other assets and liabilities, net (1,501) (56) (129)
Accounts payable and accrued expenses 2,812 (1,409) (5,246)
Asset retirement obligations (875) (909) (2,585)
Net cash provided by operating activities 73,933 115,578 164,696
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures for property, plant and equipment (26,404) (26,375) (44,085)
Acquisitions of assets (129,664) (11,232) (1,431)
Purchase of other property and equipment (1) (29) (49)
Proceeds from sale of assets 1,373 1,472 448
Net cash (used in) provided by investing activities (154,696) (36,164) (45,117)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (72,336) (81,515) 0
Reduction of financing lease liability (708) (588) (541)
Proceeds from exercise of stock options 0 94 77
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (393) (929) (1,177)
Common stock repurchases (233) 0 0
Cash received on warrant exercises 0 0 6
Net cash (used in) financing activities (73,670) (82,938) (1,635)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH (154,433) (3,524) 117,944
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 253,944 257,468 139,524
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of year $ 99,511 $ 253,944 $ 257,468